Tag: Japan

DHL to invest Y1.1bn in Japan

Posted by | Feb 16, 2007 | |

The CEO of DPWN, Klaus Zumwinkel, has been touring North Asia this week and outlining his company’s investment plans for the region. Reports from Japan indicate that Klaus Zumwinkel has stated that DHL will invest Y1.1bn (USD100m/euro66m) at its facilities in Kansai International Airport in Osaka and Central Japan International Airport near Nagoya. This is in addition to the already announced decision to establish a distribution hub in Ichikawa near Tokyo for the DHL Express business.

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DHL plans huge investment in Japan and South Korea

Posted by | Feb 13, 2007 | |

DHL plans to invest more than 90 million dollars in the next several years into Japan to strengthen its leading position there, Deutsche Post Chairman Klaus Zumwinkel said Tuesday.

Among its plans is the expansion of its distribution centre at Osaka’s Kansai Airport, Zumwinkel said in Tokyo on the occasion of the 35th anniversary of DHL’s entry into Japan.

From 1999 to 2006, DHL invested about 165 million dollars in expanding its infrastructure in Japan, the world’s second-largest economy. From 2001 to 2006, it invested more than 1.7 billion dollars across the Asia-Pacific region.

DHL also said it plans to invest up to USD 75 mln over the next few years to expand its South Korean operations.

The additional funding commitment will take its total investments in the nation to close to USD 100 mln since 2001, it said. ‘DHL’s growth plans and investments for the Korean market are very much in line with the South Korean government’s vision of establishing Incheon as a preferred logistics hub to serve the North Asia region,’ Klaus Zumwinkel, chairman of the board of Deutsche Post World Net, DHL’s parent company, said.

The investment, which includes the USD 50 mln already announced in Nov 2006, will be used to expand the current DHL Express facility at Incheon Airport, the company said.

The additional funds will also be used to develop existing network infrastructure and further enhance operational and service capabilities, in a bid to meet projected growth in intraAsia trade as well as trade within the Far East region, via Incheon, the company said.

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Japan's Sankyu signs agreement with Pos Malaysia

Posted by | Feb 7, 2007 | |

Major distribution company SANKYU INC. (TSE:9065) has struck a business cooperation agreement with POS MALAYSIA BHD, farming out pickup and delivery of parcels for the Sankyu Business Yu-Pack service in Malaysia to the postal service provider. Developed by Sankyu and Japan Post, the small-lot international door-to-door parcel delivery service for businesses is often used by Japanese firms to export parts and import textile products.

* With pickup and delivery offered only in limited areas in Malaysia, the service’s handling of parcels to and from that nation has remained at around 1 ,000 a month.

* Sankyu hopes the tie-up will boost the figure to 10,000 by the end of fiscal 2007.

SUMMARY

Japan’s Sankyu signs agreement to farm out pickup and delivery of parcels to Pos Malaysia

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Japan's Sankyu signs agreement with Pos Malaysia

Posted by | Jan 31, 2007 | |

Major distribution company SANKYU INC. has struck a business cooperation agreement with Pos Malaysia BHD, farming out pickup and delivery of parcels for the Sankyu Business Yu-Pack service in Malaysia to the postal service provider. Developed by Sankyu and Japan Post, the small-lot international door-to-door parcel delivery service for businesses is often used by Japanese firms to export parts and import textile products.

With pickup and delivery offered only in limited areas in Malaysia, the service’s handling of parcels to and from that nation has remained at around 1 ,000 a month.

Sankyu hopes the tie-up will boost the figure to 10,000 by the end of fiscal 2007.

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Japan SESC to Probe Japan Post

Posted by | Jan 23, 2007 | |

Japan’s Securities and Exchange Surveillance Commission will launch its first-ever investigation into Japan Post on Feb. 5 to mainly examine the corporation’s sales practices for investment trust funds, informed sources said Tuesday. Japan Post began selling such funds in October 2005. The products are now sold at 1,155 post offices nationwide, up sharply from the initial 575 offices.

As of the end of last December, the balance of funds sold by the to-be-privatized governmental body stood at 561.6 billion yen, matching a level achieved by a major regional bank.

The SESC has informed Japan Post of its planned investigation. The commission will recommend administrative penalties if it discovers any serious irregularities.

Separately, the Financial Services Agency last November started investigations into Japan Post to examine the corporation’s risk management system.

Japan Post will be broken up into four firms, including the “Yucho” bank and the “Kampo” insurer, as part of a 10-year privatization process starting in October this year.

The two institutions will emerge as the largest players in the Japanese banking and insurance industries.

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